Platinum is trading at a deficit of one million ounces in 2023 according to the World Platinum Investment Council (WPIC), which corresponds to more than 30 tonnes. Stable demand from industry and the automotive industry is meeting with a downward trend in production figures due to interruptions in the power supply in South Africa, the most important production country.
Platinum is on the move, close to breaking a significant indicator.
Last Friday's Federal Reserve meeting is hardly in the media today; why? Jerome Powell followed the market's general assessments and urged caution regarding further tightening monetary policy, although he did not rule it out. This means that other economic data will have to wait.